BALKRISIND trade ideas
BALKRISIND buy 20% profit stop loss of 2% , 1:10 RRI will buy BALKRISIND because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1549
Target : 1881
Stop loss : 1505
BALKRISHNA INDS good short candidateBalkrishna inds spot cmp 1730
Good to go short in range of resistance range,, stoploss of the trade will be any close above the breakdown level on closing basis...
1790 would be levels for stoploss,, down side counter can fall to levels of1590-1610..
Investment opportunity in Balkrishna Ind.There has been a big correction in the stock due to the company's decision of expanding the business with help of borrowings, and the stock is at almost 20% down from its all time high. This stock will not be giving much returns in short term as you will definitely see the borrowings increasing in the earnings report. But as time passes those borrowings used will start generating profits and will reduce the borrowings too and the company's past record has shown that they are well capable of doing that. Do not invest if you are looking for short term gains because it will take time before company start the new facility at Bhuj and increase their capacity.
Minimum time to stay invested should be 2 years. RSI is really low. Stock is trading near the support level. Good time to take an entry.
Balkrishna INDBalkrishna Industries is in major support level at 1580! Watch it closely if it bounce back from here and sustain above 1585 for at least 10 monutes its ready to go up for target 1560, 1610. And if it do not sustain the level and trade below 1570 it will go down for target 1550, 1542.
On best label to buyBuy the stock with target 1880.
Stop loss 100 rupees down of current price.
It may achieve in just 10 day according the chart.
Go long for more profit
Happy Trading 💐💐
BALKRISIND - Some Short Upwards MovesBALKRISIND - @ around 1640 CMP, should show some short upwards towards 1660 and 1685. Once crosses and holds above 1700, should see 1770 then.
BuyBuy above 1668 sl 1640 Target 1 - 1700 , Target 2 - 1750
Disc : it's not an investment advice to buy or sell
Balkrisind Above 1850 (Uptrend Move)Balkrisind is on good resistance level if it will cross 1850 with Strong volume can give good move in upside
Balkrishna Industries Balkrishna Industries long term view.
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To make it simple I mentioned all-important levels in one picture, make sure that to watch carefully.
Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article.
Thanks for reading.
Disclaimer:- It's just for educational purposes.
BALKRISHNA INDS - LongA very good up-trend, We have seen a nice pull back, ready to test 2000 levels in coming weeks
